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Ethiopian Parliament Passes 320.8 Billion Birr Budget for 2017/18

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The Ethiopian parliament passed a 320.8 billion birr ($13.9 billion) budget for the financial year of 2017/18 on Friday, an increase of nearly 17 percent on the previous year, the ministry of finance said.


The east African nation's budget sets aside 114.7 billion birr for capital expenditures. Recurrent expenditure - including administrative, economic and social services - amounts to 81.8 billion birr. ($1 = 23.1100 birr) (Writing by Katharine Houreld; Editing by Hugh Lawson)